To date, fewer than half of all Dodd-Frank rules have been finalized. The SEC and CFTC were the subject of a July 30 Senate Banking Committee hearing that focused on the failure of the two agencies to meet Dodd-Frank deadlines to finalize rules on derivatives and the so-called Volker rule, which would force banks to separate their consumer loan and trading businesses.

Complicating the Volker rule implementation is a push for an update to the Glass-Steagall Act which has been led by Sen. Elizabeth Warren (D-Mass.).

Obama may also discuss with regulators his recently revealed plan to reform the secondary mortgage market and wind down Fannie Mae and Freddie Mac.